Which of the following is a required disclosure under IFRS 5, held for sale?
The amount that the property, plant, and equipment was originally purchased at
Expected changes to the selling plan
The facts and circumstances of the sale or expected disposal and its manner and timing
The identity of the prospective buyer
Under IFRS 5, the required disclosure for assets held for sale includes the following:
The facts and circumstances of the sale or expected disposal and its manner and timing.
This means that entities are required to disclose information about the decision to sell an asset, the expected timing and method of disposal, and any relevant details surrounding the decision. However, the disclosure does not typically include details about the original purchase price of the asset, expected changes to the selling plan, or the identity of the prospective buyer, unless such information is deemed material to understanding the entity's financial position or performance.
